India can sell 386 billion rupees ($6.3 billion) of shares in companies such as Axis Bank Ltd. and Larsen & Toubro Ltd. by March as it seeks to narrow the budget deficit, the head of JPMorgan Chase & Co.’s local unit said.
India’s main opposition party won the most seats in four of five local elections held over the past month, giving it momentum before a 2014 national poll as voters punished Prime Minister Manmohan Singh’s ruling coalition.
India’s main opposition party is set to win four of five state elections held over the past month, wresting power from the ruling Congress party in one area and giving it momentum ahead of national voting next year.
India’s main opposition party is set to take control of two states from the Congress party and keep control in two others, boosting its campaign to end the ruling party’s 10-year hold on power in national voting next year, exit polls showed.
India will halt a $20 billion plan by Tata group and Jindal Steel & Power Ltd. to turn coal into crude oil after scrapping rights to two mining blocks allotted to the companies, two people familiar with the matter said.
India kicked off monthlong voting as five states go to polls that are considered a test for opposition leader Narendra Modi, as his party seeks to build support before nationwide general elections next year.